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News

Dream home or castle in the air?

Govt Cautions Against Buying Land Near Devanahalli
Airport?

Bangalore: As real estate
transitions run into crores around Devanahalli – with
the Bangalore International Airport taking off – the
state government has issued a grim public warning: Buy land
only after checking the zoning.

The Bangalore International Airport Area
Planning Authority (BIAAPA) has issued a provisional outline
development plan (ODP), marking a no-construction zone –
green Area – around the airport site.

“People buying land there are taking
a risk. All constructions in the Green Area after the cut
– off date of sept. 13, 2004, will face legal action,”
metropolitan commissioner A.K. Agarwal.

Thousands of objections have been filed against
the provisional ODP, which are being dealt with case by case.
‘There may be modifications, but the final map will
not be very different from the provisional ODP. It is certainly
better for people to wait or at least consult us before buying
land there,” Agarwal said.

With land going at Rs 15 lakh per acre even
8 Km from Devanahalli, and a housing site costing Rs 800 to
Rs 2,000 per sqft, the warning may be just in time to save
hundreds from investing wrongly. For, small-time operators
are dealing in land there with no regard for the provisional
ODP.

“The map is available only to a few.
Lots of outsiders have come into the market. The public is
not educated on what documents they need to have, they are
gullible,” said Jackbastian Nazareth of Sobha Developers.
Developers admitted that most of the public is not even aware
of a Green Area has already been brought, sold or constructed
upon.

There is also a story floated that either
side of the highway from Hebbal flyover up to Devanahalli
will be full of malls. And the rates have hit the skies.